“Right now, Michael is having second thoughts,” a source with knowledge of the talks told Yahoo! Sports.

The Bobcats had agreed to trade center Tyson Chandler(notes) and forward Boris Diaw(notes) to the Raptors for guard Jose Calderon(notes) and forward Reggie Evans(notes). Players had been contacted earlier in the day and told they were traded. Yet now, everyone has been put into a holding pattern. Jordan, sources said, has been hesitant to trade Chandler.

The trade isn’t dead, the sources said, but the two sides will talk again on Tuesday morning and the Raptors will try to push the deal through to completion. Toronto general manager Bryan Colangelo is anxious to complete the trade.

Toronto is only sure it has an agreement to complete a separate trade to send Hedo Turkoglu(notes) to the Phoenix Suns for Leandro Barbosa(notes).